Tracy is thinking about buying 100 shares of a stock selling for $15 per share. The stock pays no dividends. Her broker says that the stock will be worth $20 per share in 2 years. What is the annual rate of return on this investment?
Tracy is thinking about buying 100 shares of a stock selling for $15 per share. The stock pays no dividends. Her broker says that the stock will be worth $20 per share in 2 years. What is the annual rate of return on this investment?